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BGC Group, Inc. has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing total revenues of $561,111,000, compared to $482,694,000 in the same quarter the previous year.
Compensation and employee benefits expenses were $271,307,000, up from $233,087,000 in the previous year, contributing to total expenses of $548,038,000 for the quarter.
The company reported a net income of $13,713,000 for the quarter, compared to $18,552,000 in the previous year.
Net income attributable to common stockholders was $14,747,000, up from $17,046,000 in the previous year.
Basic earnings per share for the quarter were $0.03, consistent with the previous year.
Cash and cash equivalents were $563,467,000 as of September 30, 2024, down from $655,641,000 at the end of 2023.
Total assets increased to $4,381,727,000 from $3,175,937,000 at the end of 2023.
Total liabilities also increased to $3,338,669,000 from $2,277,781,000 at the end of 2023.
The company issued $500,000,000 in BGC Group 6.600% Senior Notes during the quarter.
BGC Group completed an Exchange Offer, exchanging BGC Partners (BGC-0.48%) Notes for new notes issued by BGC Group.
The company continues to focus on its global marketplace, data, and financial technology services, with operations across major geographies.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the BGC Group Inc. quarterly 10-Q report dated November 8, 2024. To report an error, please email earnings@qz.com.